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Intrepid Capital Management, a mid-sized fund led by Mark Travis, has reported, in a newly amended filing with the SEC, trimming its stake in World Wrestling Entertainment, Inc. (NYSE:WWE) to around 2.85 million class A shares, from 3.26 million held previously. The stake amasses 9.1% of the class A common stock. In another filing, the fund reported closing its holding in EPIQ Systems, Inc. (NASDAQ:EPIQ), after owning over 2.02 million shares previously.

EPIQ Systems, Inc. (NASDAQ:EPIQ) is a company engaged in providing solutions for electronic discovery, bankruptcy and class action settlement administration. Claus Moller’s P2 Capital Partners, in its latest 13F, revealed holding around 1.78 million shares of the company.

World Wrestling Entertainment, Inc. (NYSE:WWE) is a company that provides production and marketing of television, as well as pay-per-view event programming and live events. Its stock gained over 20% since the beginning of the year, while during the past year, the stock advanced by around 150%. However, the stock still trades below the consensus target of $24.3 per share.

Among the insiders, one stands out: Stephanie Levesque, the Chief Brand Officer of World Wrestling Entertainment, Inc. (NYSE:WWE), who over the past couple of months has been dumping the stock, and in the first week of January sold out her entire position. Hedge funds aren’t very fond of the stock either. In the previous round of 13F filings, Renaissance Technologies, led by Jim Simons, reported holding 1.97 million shares of World Wrestling Entertainment, Inc. (NYSE:WWE), down by 3% over the quarter. Chuck Royce’s Royce & Associates revealed decreasing its stake by 20% over the quarter to 1.56 million shares.

Intrepid has a equity portfolio worth around $536 million as at the end of September 2013. The largest holding in the equity portfolio, in terms of value, is represented by FTI Consulting, Inc. (NYSE:FCN), in which it owns 1.13 million shares, worth $42.85 million.